829 W Rice DrTempeAZ85283
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Tempe at 829 W Rice Dr, Tempe, AZ, 85283 with 5% annual appreciation on a $375,000 basis while $2,208/mo rent supports operations. 2% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 7.07%. Five-year ROI measures 98.91% and total cumulative return in cash totals $122,955. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,208/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1980
3,419 sqft lot
$N/A/sqft
$65 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 85283, Tempe, AZ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,888 (100%) |
| Owner Occupied HU | 9,799 (51.9%) |
| Renter Occupied HU | 8,209 (43.5%) |
| Vacant Housing Units | 880 ( 4.7%) |
| Median Home Value | $461,845 |
| Average Home Value | $509,380 |
Housing Distribution
Address Breakdown
Residential
18,992
Single Family
11,225
Multi-Family
7,767
Businesses
1,123
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